Quote:
Originally Posted by hemlock
It seems to me that Island property prices have gone through the roof! As I look at listings it seems that 2-3 bedroom cottages are being priced in the 4-500 k range with some fancy places up to 900 k. Is this temporary or is it going to be the new normal?
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Listing prices are definitely up over the past few years. Seems as though waterfront even on an island is a limited commodity so they tend to ratchet in one direction and don't really seem to correct downwards as much as just stagnate.
Real estate prices in general have been on an upswing so generally speaking all property benefits as a result.